According to a market report by Lucintel, the future of the magnetite market looks promising with opportunities in the steel, chemical, and healthcare industries. The global magnetite market is expected to grow with a CAGR of 4% from 2021 to 2026. The major drivers for this market are increasing demand for magnetite in various applications, such as bio-medical, electronics, wastewater treatment, and energy.
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Within the magnetite market, steel will remain the largest end use industry and witness the highest growth during the forecast period due to heavy demand in infrastructure development, automobile, and railways.
Asia Pacific will remain the largest region in the forecast period due to emerging infrastructure and construction projects. Also, there is growth in the demand for steel, which leads to growth in the magnetite market.
Gindalbie Metal, Labrador Iron Ore Royalty Corp., Rio Tinto, Vale SA, Kompass, Tisco, African Minerals, Malu, SG Mining, BX Steel, and Salasar Minerals are among the major magnetite manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global magnetite market by application, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Magnetite Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global magnetite market by application, end use industry, and region as follows:
By Application [Kilotons and $M shipment analysis for 2015 – 2026]:
Steel Processing
Magnetic Recording
Healing Agent
By End Use Industry [Kilotons and $M shipment analysis for 2015 – 2026]:
By Region [Kilotons and $M shipment analysis for 2015 – 2026]:
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Asia Pacific
China
Japan
India
South Korea
The Rest of the World
This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.